Poway school district insane funding scheme

Let me get this straight- Poway school district in California needs $105 million to finish upgrading it’s schools but instead of doing what most consider normal- raising taxes or doing a bond offering these crooks are going for this loan sharking scheme… They will borrow the $105 million for 20 years with zero cost- no interest and no principal reduction and then for the following 20 years, they pay $50 million per year! That $105 million will end up costing a cool billion!! Are they insane? If this isn’t illegal, it should be. Let’s talk about complete and utter disregard of their fiduciary responsibility at the very least. Between Illinois and California, it’s hard to say who will run their state into the ground first. We sincerely hope that both the state AG and US AG offices are looking into this insanity.